Rida Inc. is preparing its direct materials budget for the second quarter. It budgets production of 240,000 units in the second quarter and 52,500 units in the third quarter. Each unit requires 0.60 pound of direct material, priced at $175 per pound. The company plans to end each quarter with an ending inventory of this material equal to 30% of next quarter’s budgeted direct materials required. Raw material inventory is 45,000 pounds at the beginning of the second quarter. Prepare a direct materials budget for the second quarter.